The Washington Trust Company, of Westerly in Rhode Island vs the state
21.9%Denial rate+3.18 pts vs state
26.2%Decision denial rate+3.06 pts vs state
59.3%Origination rate-0.49 pts vs state
6.38%Median rate-0.38 pts vs state
-0.18Rate spread (pts)-0.36 pts vs state
$124kMedian applicant income
1,040Loans originated
384Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,281 | 793 | 19.4% | 6.38% | #5 |
| 2024 | 1,517 | 927 | 19.7% | 6.99% | #4 |
| 2025 | 1,755 | 1,040 | 21.9% | 6.38% | #4 |
What The Washington Trust Company, of Westerly lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most The Washington Trust Company, of Westerly applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 803 | 464 | 199 | 24.8% |
| Washington County | 586 | 356 | 108 | 18.4% |
| Kent County | 290 | 171 | 61 | 21.0% |
| Newport County | 47 | 35 | 6 | 12.8% |
| Bristol County | 29 | 14 | 10 | 34.5% |
Other large lenders in Rhode Island
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 6,329 | 27.8% | 7.40% |
| Navigant Credit Union | B | 2,847 | 16.1% | 6.50% |
| COASTAL1 Credit Union | B | 1,931 | 24.3% | 6.75% |
| Rocket Mortgage | C | 1,430 | 19.7% | 6.75% |
| Movement Mortgage | A | 1,308 | 3.6% | 6.63% |
| Bank of America | F | 1,298 | 39.1% | 6.24% |
| Primary Residential Mortgage | C | 1,056 | 8.4% | 6.63% |
| BankNewport | B | 1,014 | 19.7% | 6.63% |
| CMG Mortgage | A | 992 | 7.6% | 6.63% |
| United Shore Financial Services | B | 780 | 18.0% | 6.38% |
Frequently asked questions
Rhode Island: 1,755 applications in 2025, of which 1,040 were originated and 384 denied.
21.9% of all applications, or 26.2% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans The Washington Trust Company, of Westerly originated in Rhode Island in 2025 was 6.38%, against a statewide median of 6.75%.
About this data. Figures are The Washington Trust Company, of Westerly's own HMDA filing for properties located in Rhode Island, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology